A Berkeley property that originally listed way back in January 2007 for $2,089,000 is today back on the market for just $980,000 — an astonishing 53% tumble.
2649 Russell Street is just off College Avenue in the heart of the Elmwood shopping district. It’s a big house — five bedrooms and five bathrooms — and has been extensively remodeled. But it is also sited directly opposite a parking lot which decreases its appeal somewhat.
There must be other reasons, however, why this home has steadfastly failed to find a buyer in nearly three years. Thoughts?
i’m glad to have finally found your website! i’m surprised as well by the price (although the grandness of the house doesn’t pair well with the small lot size and proximity to the nearby retail and apartment buildings).
interior photos available at trulia.